B A L A N C E O F PAY M E N T S S TAT I S T I C S
Statistical Supplement to the Monthly Report 3
2 0 0 7
F E B R U A R Y
Deutsche Bundesbank Wilhelm-Epstein-Strasse 14 60431 Frankfurt am Main Germany
Postal address Postfach 10 06 02 60006 Frankfurt am Main Germany
Tel +49 69 9566-1
or +49 69 9566 plus extension number Fax +49 69 9566-30 77
Telex 41227 within Germany 414431 from abroad Internet http://www.bundesbank.de
Reproduction permitted only if source is stated.
Annual and weekly publishing schedules for selected statistics of the Deutsche Bundesbank can be downloaded from the abovementioned internet address. The relevant data are published on the internet.
This Annex provides an English translation of the headings and explanatory notes to the data contained in the German original, which is the sole authoritative text.
The Statistical Supplement Balance of payments statistics is published at monthly intervals by the Deutsche Bundesbank, Frankfurt am Main, by virtue of section 18 of the Bundesbank Act.
It is available to interested parties free of charge.
Further statistical data, supplementing the Monthly Report, are to be found in the following Supplements.
Banking statistics monthly Capital market statistics monthly Seasonally adjusted
business statistics monthly Exchange rate statistics quarterly
Selected updated statistics are also available on
the internet. For a small fee to cover costs, a file
which is updated monthly and contains
approximately 40,000 time series published by
the Bundesbank can also be obtained on
magnetic tape cassette or CD-ROM from the
Division for Statistical Information Systems and
Mathematical Methods.
Contents I Balance of payments
1 Major items of the balance of
payments 6
2 Current account, by country and
group of countries 7
3 Merchandise trade with non-residents
(a) Foreign trade and supplementary
trade items 8
(b) Special trade, by category of
goods 9
(c) Special trade, by country and
group of countries 9 4 Service transactions with
non-residents
(a) Total 10
(b) Travel, by country and group
of countries (annual figures) 11 (c) Travel, by country and group
of countries (quarterly figures) 12
(d) Transport 12
5 Income
(a) Total 13
(b) Income from direct investment,
interest on loans 13
6 Current transfers 14
7 Capital transfers 14
8 Memo item: Transfers in connection
with the EU budget 15
9 Financial transactions with non-residents
(a) Total 16
(b) By country and group of
countries 17
(c) Direct investment 18
(d) Portfolio investment and financial
derivatives 18
(e) Other investment 19
6 Assets and liabilities of enterprises (f) Long-term and short-term
in Germany vis-à-vis non-residents financial transactions, by
(a) Total and breakdown by
domestic sector 20
foreign currency and euro 31 (b) By group of countries 31
II External stock statistics (c) By country 32
7 External position of the Bundesbank
up to end-1998 33
1 Assets and liabilities of banks (MFIs)
8 External position of the Bundesbank in Germany vis-à-vis non-residents
in European monetary union 34 (a) Breakdown by currency and by
9 Germany’s international investment group of countries 21
position
(b) By country 22
(a) General survey 35
2 Assets and liabilities of the
(b) By currency 35
foreign branches of German banks (MFIs) vis-à-vis non-residents (a) Breakdown by currency and by
III Foreign Exchange rates group of countries 23
(b) By country of the domicile of the
foreign branches 24 1 Euro reference exchange rates of (c) By country 25 the European Central Bank for
3 Assets and liabilities of the selected currencies 36 foreign subsidiaries of German 2 Historical exchange rates on the
banks (MFIs) vis-à-vis non-residents Frankfurt Exchange 36 (a) Breakdown by currency and by
group of countries 26
Explanatory notes (b) By country of the domicile of the
foreign branches 27
(c) By country 28 Balance of payments 37
4 Claims of German banks, including External stock statistics 39 their foreign branches and sub- Changeover to the accrual principle
sidiaries vis-à-vis non-residents as for interest income 40 defined in the consolidated banking Changes in the course of the annual
statistics of the Bank for Inter- revision 41
national Settlements 29
5 The global OTC derivates market Nominal and market values of contracts outstanding with leading
banks 30
Notes Territory
The domestic market comprises the economic territory of the Federal Republic of Germany. All other countries, including those participating in European monetary union, are foreign markets.
From July 1990 the balance of payments statistics also include the external transactions of the former GDR. The former GDR is covered by the external stock statistics as follows: in the case of the external positions of banks, from June 1990; in the case of the external positions of enterprises, from July 1990; and in the case of Germany’s external asset and liability position, from December 1990.
Sectoral breakdown
While investment companies belong to the corporate sector, the money market funds set up by these investment companies are defined as MFIs. In the banking statistics published by the Bundesbank, however, the data on money market funds are not included in the tables showing the operations of all banks. Instead, they are recorded only in the German contribution to the money stock and its counterparts shown in the overall money survey in the euro area.
(See the explanatory notes on page 40.)
The latest figures should be regarded as provisional in all cases. Subsequent changes appearing in the following issue are therefore not marked.
Changes in March 2006
During the annual revision of the Monthly Report in March 2006 the data in the published balance of payments statistics were revised, and some adjustments were made in the pre-sentation of the figures in order to meet international requirements.
(For more details see the explanatory notes on page 42.)
Abbreviations and symbols
p Provisional r Revised s Estimated
... Data available at a later date . Data unknown, not to be published or not meaningful 0 Less than 0.5 but more than nil - Nil
/ No data because the numerical value is not sufficiently reliable
Discrepancies in the total are due to rounding.
I Balance of payments
1 Major items of the balance of payments
Current account, capital transfers and financial account (where statistically recorded) Current account 1
Foreign trade 2,3 Services 4 Income
Exports (fob) Imports (cif) Balance
Not season- ally adjusted
Season- ally adjusted
Not season- ally adjusted
Season- ally adjusted
Not season- ally adjusted
Season- ally adjusted
Supple- mentary trade
items Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance
1 2 3 4 5 6 7 8 9 10 11 12 13
Financial account (long-term and short-term financial transactions) Balance on
current account 3
Balance of other investment
of which
Balance of current transfers
Not seasonally adjusted
Season- ally adjusted
Capital transfers and the acquisi- tion/
disposal of non- produced non- financial assets
Balance of direct invest- ment 5
Balance of port- folio invest- ment and financial deriva-
tives Total
Long- term lending of monet- ary finan- cial insti- tutions 6
Short- term lending of monet- ary finan- cial insti- tutions 6
Change in the reserve assets at transac- tion val- ues 7
Balance on financial account 8
Balance of unclassi- fiable trans- actions
14 15 16 17 18 19 20 21 22 23 24 25
Zeit = Period
1 Foreign trade and services are recorded on the basis of exports (fob)/imports (cif), ie including the freight and insurance costs of imports. For figures based on exports (fob)/imports (fob), see Table 2. — 2 Special trade according to the official foreign trade statistics (source: Federal Statistical Office). — 3 Mainly warehouse transactions and the deduction of repairs and goods returned. — 4 Excluding the freight and insurance costs included in the cif import
figure. — 5 A new definition of direct investment has applied since 1996. (For details see Table 9 (c).) — 6 Long-term: original maturity of more than one year or unlimited. Short-term: maturity of one year or less. Including bank deposits. Excluding the Bundesbank. — 7 Increase: - From 1999 new definition of reserve assets. — 8 Balance of financial account including change in reserve assets. See explanatory notes on p 42.
6
2 Current account, by country and group of countries *
€ million
Merchandise trade 1 Services 2 Income
Exports (fob) 3
Imports (fob) 3 Including supplementary
items Balance Receipts Expenditure Balance Receipts Expenditure Balance
Balance of current transfers
Balance of current account
1 2 3 4 5 6 7 8 9 10 11
All countries Luxembourg United Kingdom 8 of which Emerging markets in
Europe Netherlands Other European Canada South-East-Asia
EU member states(25) 4 Austria countries United States Oceania and polar regions
EU member states (15) 4 Portugal of which Central America of which
Euro-area member Spain 7 Russian Federation South America Australia
states Other EU member Switzerland Asia International organisations
of which states 4 Turkey Countries in the Middle Unidentified countries
Belgium of which Africa East Memo item
Finland Denmark of which Other Asian countries Industrial countries
France 5 Poland South Africa of which Emerging markets and
Greece 6 Sweden America China, People’s developing countries
Ireland Czech Republic North America Republic of 9 OPEC countries
Italy Hungary Japan
Zeit = Period
* Countries attributed to individual groups of countries on the basis of the latest position. — 1 Special trade according to the official foreign trade statistics (source: Federal Statistical Office), including supplementary trade items, less freight and insurance costs; exports by country of destination, imports by country of origin. — 2 Including the freight and insurance costs of imports. — 3 From 1993 additional estimates for external transactions which
do not have to be reported are included in “Unidentified countries”. — 4 Including international organisations belonging to the EU. — 5 Including French Guiana, Guadeloupe, Martinique, Mayotte, Rèunion and St Pierre and Miquelon. — 6 Greece joined the euro area on 1 January 2001. — 7 Including Canary Islands, Ceuta and Melilla. — 8 Up to end-2002 including Guernsey, Jersey and the Isle of Man. — 9 Excluding Hong Kong. — 10 See footnote 4.
3 (a) Foreign trade and supplementary trade items
Foreign trade 1,2 Supplementary trade items
to exports to imports Goods
Additions Additions
Exports (fob)
Imports
(cif) Balance Total
of which Exports from ware- houses
Deduct- ions, total Total
of which Imports to ware- houses less imports from ware- houses 3,4
Deduct- ions, total
Exports (fob)
Imports
(cif) Balance
Freight and insurance costs payable on imports (cif)
1 2 3 4 5 6 7 8 9 10 11 12 13
Goods (fob)
Exports (fob) Imports (fob) 6
Total
General mer- chandise
Goods for pro- cessing
Repairs on goods 5
Goods procured in ports by carriers
Non- monetary gold Total
General mer- chandise
Goods for pro- cessing
Repairs on goods 5
Goods procured in ports by carriers
Non- monetary gold Balance
14 15 16 17 18 19 20 21 22 23 24 25 26
Zeit = Period
1 Special trade according to the official foreign trade statistics (source: Federal Statistical Office). — 2 From January 1993 including additional estimates for external transactions which do not have to be reported and are included in supplementary trade items up to December 1992. — 3 For account of residents only. — 4 The item “Imports to warehouses” also includes goods which are subsequently imported into Germany; to prevent double-counting,
the “imports from warehouses” are deducted. — 5 Value of the repair work only. — 6 Imports in connection with goods for processing also include freight and insurance costs. The imports of goods derived as the difference therefore do not include the cost of freight and insurance. — s Supplementary trade items are partly estimated.
8
3 (b) Special trade, by category of goods *
Up to end-1998 DM million; from 1999 € million Exports (fob)
Selected main categories Selected categories
Total 1
Agricultural products
Intermediate goods
Capital goods
Durable and non- durable
goods Chemicals
Machinery and equipment
Office machinery and computers;
electrical precision and optical products 2
Motor vehicles, trailers and semi-trailers
1 2 3 4 5 6 7 8 9
Imports (cif)
Main categories Selected categories
Total 1
Agricultural Products
Intermediate goods
Capital goods
Durable and non- durable goods
Sources of
energy 3 Chemicals
Machinery and equipment
Office machinery and computers;
electrical precision and optical products 2
Motor vehicles, trailers and semi- trailers
10 11 12 13 14 15 16 17 18 19
Zeit = Period
* Source: Federal Statistical Office. — 1 Also includes goods which cannot be classified and additional estimates (not classified by category of goods). — 2 Footnote applies to the German text only. — 3 Up to and including 1999 included partly in “intermediate goods”. — 4 From January 2000 a new
standard EU breakdown of the main categories: inputs (intermediate goods) excluding energy goods, capital goods including motor vehicles, durable and non-durable goods including printing products.
3 (c) Special trade, by country and group of countries *
€ million
Country/group of countries
All countries 1 Netherlands 2 Other European countries 3 Asia
I European countries Austria of which Countries in the Middle East
1 EU member states (25) Portugal Russian Federation Other Asian countries
Memo item Spain 2 Switzerland of which
EU member states (15) Other EU member states Turkey Japan
Euro-area member states of which II Outside Europe China, People’s
Belgium and Denmark 1 Africa Republic of 3
Luxembourg Poland of which 4 Oceania and polar regions
Finland Sweden South Africa of which
France Czech Republic 2 America Australia
Greece Hungary of which Memo item
Ireland United Kingdom Canada OECD countries
Italy United States Emerging markets in
South-East Asia 4 Ausfuhr = Exports; Einfuhr =Imports; Saldo =Balance
* Source: Federal Statistical Office. Exports (fob) by country of destination, Imports (cif) by country of origin. Data on countries and groups of countries on the basis of the latest position. — 1 Including fuel and other supplies for ships and aircraft as well as other data not classifiable by region. —
2 Excluding Ceuta and Melilla. — 3 Excluding Hong Kong. — 4 Brunei, Darussalam, Hong Kong, Indonesia, Malaysia, Philippines, Republic of Korea, Singapore, Taiwan and Thailand.
4 Service transactions with non-residents (a) Total
Services, total Travel 1 Transport 2
Expenditure Receipts Expenditure Balance Receipts Total
Business travel
Personal
travel Balance Receipts Expenditure Balance
1 2 3 4 5 6 7 8 9 10 11
Insurance services 4 Financial services 5 Other services
Merchanting
balance
3 Receipts Expenditure Balance Receipts Expenditure Balance Receipts Expenditure Balance12 13 14 15 16 17 18 19 20 21
Zeit = Period
1 Figures from January 2001 subject to considerable uncertainty. For other footnotes relating to travel see Table 4 (b). — 2 For breakdown of transport and for footnotes see Table 4 (d). — 3 Estimated on the basis of the regional pattern of merchanting sales (buyer’s country). — 4 Service components included in premium payments. Net premiums and insurance benefits are
recorded under current transfers and – in the case of life insurance – under financial transactions. Only reinsurance business is netted under service transactions. — 5 Mainly receipts of and expenditure on bank commission fees.
4 (a) (cont’d)
Other services, total Patents and licences 1 Research and development
Engineering and other
technical services 2 Computer services
Re- ceipts
Expend-
iture Balance Re- ceipts
Expend- iture Balance
Re- ceipts
Expend- iture Balance
Re- ceipts
Expend- iture Balance
Re- ceipts
Expend- iture
22 23 24 25 26 27 28 29 30 31 32 33 34 35
Construction, assembly work, repairs Overhead expenses 4 Other services by German enterprises
abroad
by foreign enterprises In Germany Balance Receipts
Expend-
iture 3 Balance Receipts
Expend-
iture Balance
Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance
36 37 38 39 40 41 42 43 44 45 46 47 48
Zeit = Period
1 Industrial and other property rights. — 2 Remuneration for planning and design of technical products, technical input and assistance, information, consultancy and instruction in the technical and scientific fields other than computers services, which are shown separately. — 3 Expenditure of German
businesses on purchases abroad, and receipts of foreign businesses from purchases in Germany (goods and services). — 4 Payments between affiliated enterprises as internal levies and as transfers for current costs.
10
4 (a) (cont’d)
Other services, total Commercial services
Advertising and trade
fair expenses Communications services 1
Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance
49 50 51 52 53 54 55 56 57 58 59 60
Film industry 2
Services of
self-employed persons Government services 3 Miscellaneous services
Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance
61 62 63 64 65 66 67 68 69 70 71 72
Zeit = Period
1 Includes postal, courier and telecommunications services. — 2 Film production costs, including actors’ salaries, lending fees, purchases and sales
of exploitation rights. — 3 Domestic public authorities’ receipts from and expenditure on services, unless shown in other items; including the receipts of foreign military agencies.
4 Service transactions with non-residents
(b) Travel, by country and group of countries (annual figures) *
€ million
Receipts Expenditure Country/group of countries a 2002 1 2003 1 2004 1 2005 1 2002 1 2003 1 2004 1 2005 1
All countries Italy Czech Republic Africa
of which Luxembourg Hungary of which
Europe Netherlands United Kingdom 5 Egypt
EU member states (25) Austria Other European countries Tunisia
EU member states (15) Portugal of which America
Euro-area member states Spain 4 Bulgaria of which
of which Other EU member states Croatia United States
Belgium of which Switzerland Asia
France 2 Denmark Turkey
Greece 3 Poland
* Up to 2000 the main sources of the reports on foreign travel payments were credit institutions and travel companies. Such payments are partly broken down by currency, rather than by the country visited, and do not fully reflect travellers’ payments in Deutsche Mark banknotes; moreover, they include payments not counted as travel payments, eg currency carried by foreign workers returning to their home countries. With the aid of information from the travel and transport statistics and from additional surveys, the payments recorded are approximately attributed to the countries of origin and destination and are supplemented by the missing payments in Deutsche Mark banknotes while money flows not counted as foreign travel are eliminated. Even so, for a number of countries the results are only
approximations. From 2001 expenditure is based on household samples.
Owing to the increase in sampling error in the case of country results, quarterly and annual figures are available only for major destination countries and country aggregates. — a Countries attributed to individual groups of countries on the basis of the latest position. — 1 Figures subject to considerable uncertainty. — 2 Including French Guiana, Guadeloupe, Martinique, Mayotte, Réunion and St Pierre and Miquelon. — 3 Greece joined the euro area on 1 January 2001. — 4 Including Canary Islands, Ceuta and Melilla. — 5 Up to end 2002 including Guernsey, Jersey and the Isle of Man.
4 Service transactions with non-residents
(c) Travel, by country and group of countries (quarterly figures) *
€ million
2004 2005 2006 s
Country/group of
countries a Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
All countries Euro-area member states Austria United Kingdom 5
of which of which Spain 4 Other European countries
Europe France 3 Other EU member states of which
EU member states (25) Italy of which Switzerland
EU member states (15) Netherlands Czech Republic Turkey
Einnahmen = Receipts; Ausgaben = Expenditure
* For footnotes see Table 4 (b). As the information permitting precise classification by country visited not available until relatively late, the quarterly figures will probably be subject to major revisions. — a Countries attributed to individual groups of countries on the basis of the latest position. — 1 Figures from 2002 subject to considerable uncertainty. — 2 Figures from
2001 subject to considerable uncertainty. — 3 Including French Guiana, Guadeloupe, Martinique, Mayotte, Réunion and St Pierre and Miquelon. — 4 Including Canary Islands, Ceuta and Melilla. — 5 Up to end-2002 including Guernsey, Jersey and the Isle of Man. — s Estimated.
4 Services transactions with non-residents (d) Transport
Transport, total Freight Passenger services
Receipts 1 Expenditure 2 Receipts
Receipts
Expend-
iture Balance Total Sea freight
Air freight
Other
freight 3 Total Air freight
Other
freight 3 Balance Total
Maritime shipping
1 2 3 4 5 6 7 8 9 10 11 12 13
Port services, other transport 4
Expenditure Receipts Expenditure
of which of which
Air
transport Other Total Air
transport Other Balance Total Seaports Airports5 Total Seaports Airports Balance
14 15 16 17 18 19 20 21 22 23 24 25 26
Zeit = Period
1 Including residents’ freight receipts for import transfers (fob import contracts). These receipts are recorded as counter-entries to the costs included in the cif value of imports. — 2 Excluding payments to non-residents for German imports, which are included in the cif value of imports in the balance of trade. — 3 In particular, truck freight and inland waterway freight.
Including transport agencies and payments for the utilisation of foreign means of transport on intra-German routes and receipts of the railways for transit freight. — 4 Excluding fuel and other supplies for ships and aircraft, which are included in merchandise trade. — 5 Also includes receipts of other subsidiary traffic companies.
12
5 Income (a) Total
Factor income, total Compensation of employees 1 Investment income
Total Investment income received from
for portfolio
Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance Receipts
Expend-
iture Balance
for direct invest-
ment 2 Total
Divi- dends 3
1 2 3 4 5 6 7 8 9 10 11 12
non-residents Investment income paid to non-residents
investment 3 for portfolio investment 3
Interest on bonds and notes Income
from mutual fund shares 4
Interest on bonds and notes
Interest on money market instru- ments
Interest on loans 2,3
for direct invest-
ment 2 Total
Divi- dends 3
Income from mutual fund
shares Total
of which Public bonds
Interest on money market instru- ments
Interest on loans 2,3
13 14 15 16 17 18 19 20 21 22 23 24
Zeit = Period
1 Earnings of employed persons. — 2 For breakdown see Table 5 (b). —
3 Excluding income from direct investment. — 4 From 1991 including retained profits of investment funds.
5 Income
(b) Income from direct investment, interest on loans
Income from direct investment 1
Receipts Expenditure
Income from equity Income from equity
Total Total
Dividends and other distri- buted profits
Undistri- buted (rein- vested) earnings2
Leasing and rents on land
Interest on loans
Memo item Income from equity in the narrower
sense 3 Total Total
Dividends and other distri- buted profits
Undistri- buted (rein- vested) earnings2
Leasing and rents on land
1 2 3 4 5 6 7 8 9 10 11 12
Interest on loans 4
Receipts Expenditure
Interest on loans
Memo item Income from equity in the narrower
sense 3 Balance Total
Monetary financial institu- tions 5
Enter- prises and house- holds
Public authori- ties (including the Bundes- bank) Total
Monetary financial institu- tions 5
Enter- prises and house- holds
Public authori- ties (including the Bundes-
bank) Balance
13 14 15 16 17 18 19 20 21 22 23 24
Zeit = Period
1 For the concept of direct investment see Table I.9 (c). — 2 Estimated on the basis of the figures on the level of direct investment abroad and in
Germany. — 3 Excluding leasing and rents on land. — 4 Excluding income from direct investment. Including interest on bank deposits. — 5 Excluding the Bundesbank.
6 Current transfers
Current transfers, total Public transfers 1
Transfers from non-residents Transfers to non-residents
of which of which
Transfers from non- residents
Transfers to non-
residents Balance Balance Total
Current transfers from the EU 2,3
Tax
revenue Total
Current transfers to the EU
Contri- butions to other interna- tional organisa- tions
Transfers to devel- oping coun-tries
3
Pensions and benefit pay-ments
Tax refunds
1 2 3 4 5 6 7 8 9 10 11 12 13
7 Capital transfers
Private transfers 1 Capital transfers, total Public transfers 1 Private transfers 1 Transfers from
non-residents 3
Transfers to non-residents 3
Transfers to non-residents
Transfers to non-residents of which
Balance Total
of which Pensions and benefit pay-
ments Total
Workers’
remit- tances
Pensions and main- tenance pay- ments
Trans- fers from non- resi- dents
Trans- fers to non- resi-
dents Balance Total
of which Debt relief
Trans- fers from non- resi-
dents Total
of which Debt relief
14 15 16 17 18 19 20 21 22 23 24 25 26 27
Zeit = Period
1 The classification of public and private transfers depends on the sector to which the domestic agency participating in the transaction belongs. —
2 Excluding the refunds of collection expenses recorded under receipts from services. — 3 Excluding capital transfers, where identifiable.
14
8 Memo item: Transfers in connection with the EU budget *
Transfers to the European Union budget Transfers from the European Union budget
Own resources of the EU Under the common agricultural policy
of which
Net German contribution to the EU
budget 1 Total
Customs duties, levies under the common agricultural policy 2
EU share in value added tax revenue
GNI-related financing 3
Other
transfers 4 Total 1 Total 1,5
Refunds on exports to third countries
Inter- ventions in the single market
1 2 3 4 5 6 7 8 9 10
Transfers under the structural policy regulations
Food aid (refund element)
Refund of collection
costs 6 Total
EAGGF Guidance Section 7
Social fund
Regional fund
Fisheries guidance fund
Trans- European
networks Other
11 12 13 14 15 16 17 18 19
Zeit = Period
* Transfers in connection with the EU budget, which are summarised here, comprise mainly current transfers. The refunds of collection costs constitute receipts from services in the balance of payments; payments from the Regional Fund and the Guidance Fund of the EAGGF are included under capital transfers. — 1 Excluding special monetary compensation for exports to the United Kingdom and Italy. The monetary compensatory amounts for these countries’ imports from other EU member states are paid out via the exporting country and not, as is normally the case, by the importing country. — 2 Including sugar levies. — 3 Additional EU receipts for the financing of the EU budget; they are calculated on the basis of the German
share in the total GNI of the EU. — 4 Primarily producer co-responsibility and super levies for milk, milk products and cereals. — 5 The differences between the payments by the EU to the Federal Government (col 8) and the payments by the Federal Government to domestic beneficiaries (cols 9 to 11) are due mainly to temporal shifts in the execution of payments. — 6 Refund of collection costs at 10% between 1988 and 2000; 25% from 2001 for customs duties and levies in the context of the agricultural policy; back payments are included in August 2002. Since 1988 the member countries have retained this sum when transferring capital resources to the EU. — 7 Including direct payments by the EU to final beneficiaries.
9 Financial transactions with non-residents (a) Total *
Balance of all financial transactions Net German investment abroad (increase/capital exports :-) Portfolio investment and
financial derivatives Other investment 3
of which of which
Total 1
Direct invest- ment 2
Portfolio invest- ment and financial deriva- tives
Other invest- ment 3
Change in the reserve assets at trans- action
values 4 Total 1
Direct invest-
ment 2 Total Shares 6
Bonds and
notes Total
Monet- ary financial institu- tions 5
1 2 3 4 5 6 7 8 9 10 11 12
Net foreign investment in Germany (increase/capital imports : +)
Portfolio investment Other investment 3
of which of which
Enter- prises and house- holds
General govern- ment
Change in the reserve assets at trans- action
values 4 Total
Direct invest-
ment 2 Total Shares 6
Bonds and
notes Total
Monet- ary financial institu- tions 5
Enter- prises and house- holds
General govern- ment
13 14 15 16 17 18 19 20 21 22 23 24
Zeit = Period
* For a further breakdown, see the following Tables 9 (b) to 9 (f). With the exception of Table 9 (f), these exclude information on reserve assets. — 1 Including changes in reserve assets, see explanation on p 42. — 2 From
1996 revised definition of direct investment (for details see Table 9 (c)). — 3 Loans and trade credits, bank deposits and other capital investment. — 4 See Table 1, footnote 7. — 5 Excluding the Bundesbank. — 6 Including participating certificates.
16
9 Financial transactions with non-residents
(b) By country and group of countries (excluding reserve assets) *
€ million
Net German investment abroad (increase/capital exports : -)
Net foreign investment in Germany (increase/capital imports : +)
Direct investment Other investment 2 Direct investment Other investment 2
Total Total
of which Rein-vested earnings
Portfolio invest- ment and financial deriva-
tives 1 Total
of which
Long-term Total Total
of which Rein- vested earnings
Portfolio invest-
ment 1 Total
of which Long-term
1 2 3 4 5 6 7 8 9 10 11 12
All countries Portugal Turkey Asia Oceania and polar
Europe Spain 6 Africa Countries in the Middle regions
EU member states (25) 3 Other EU member America East of which
EU member states (15) 3 states 3 North America Other Asian countries Australia
Euro-area member of which of which of which International organisa-
states Denmark Canada China, People’s tions 9
of which Poland United States Republic of 8 Unidentified countries
Belgium Sweden Central America Japan Memo item
Finland Czech Republic of which Emerging markets in Industrial countries
France 4 Hungary Mexico South-East Asia Emerging markets
Greece 5 United Kingdom 7 South America of which and developing
Ireland Other European of which Hong Kong countries
Italy countries Argentina Korea, Republic of OPEC countries
Luxembourg of which Brazil Singapore Offshore banking
Netherlands Russian Federation Chile Taiwan centres
Austria Switzerland
Zeit = Period
* Countries attributed to individual groups of countries on the basis of the latest position. — 1 Including money market paper. Regional attribution of German investment to the country of the debtor (issuer), of foreign investment in Germany to the country of the counterparty. — 2 Book credits, borrowers’ note loans, bank balances, assets etc acquired by way of
assignment, and other public and private capital investments. — 3 Including international organisations belonging to the EU. — 4 Including French Guiana, Guadeloupe, Martinique, Mayotte, Réunion and St Pierre and Miquelon. — 5 Greece joined the euro area on 1 January 2001. — 6 Including Canary Islands, Ceuta and Melilla. — 7 Up to end-2002 including Guernsey, Jersey and the Isle of Man. — 8 Excluding Hong Kong. — 9 See footnote 3.
9 Financial transactions with non-residents (c) Direct investment *
German direct investment abroad (increase/capital exports: -)
Equity capital Credit transactions of German direct investors Equity capital in the
narrower sense 1 Loans Trade credits
Long-term Short-term
Total Total New invest- ment
Dis- invest-
ment Balance Other invest- ment 2
Undistri- buted (rein- vested) ear-nings
3 Total Lending
Loans from foreign subsidi-
aries Lending Loans from foreign subsidi-
aries Lending Loans from foreign subsidi- aries
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Foreign direct investment in Germany (increase/capital exports: +)
Equity capital Credit transactions of foreign direct investors Equity capital in the
narrower sense 1 Loans Trade credits
Long-term Short-term
Total Total New invest- ment
Dis- invest-
ment Balance Other invest- ment 2
Undistri- buted (rein- vested) ear-nings
3 Total Lending
Loans from German subsidi-
aries Lending Loans from German subsidi-
aries Lending Loans from German subsidi- aries
15 16 17 18 19 20 21 22 23 24 25 26 27 28
Zeit = Period
* Direct investment are financial operations with German and foreign enterprises in which the investor directly holds 10% or more of the shares or voting rights (up to end-1989 25% or more, from 1990 to end-1998 more than 20%); including branches and permanent establishments. Up to end- 1995 direct investments comprise capital shares, including reserves, profits and losses carried forward, and long-term loans. Direct investments also
include all investments in real property. From 1996 short-term direct lending and trade credits have also been included. Moreover, the definition of direct investment is changed by the fact that direct investors’ borrowing from their subsidiaries is recorded as repayments of funds provided by direct investors. — 1 Excluding other investment. — 2 Mainly real property. — 3 See Table 5 (b) footnote 2.
9 Financial transactions with non-residents
(d) Portfolio investment (excluding direct investment) and financial derivatives
German investment in foreign securities (increase/capital exports: -)
Total Shares 2 Mutual fund shares 3
of which: Money market funds Balance
of port- folio invest- ment 1
Pur-
chases Sales Balances Pur-
chases Sales Balance Pur-
chases Sales Balance Pur-
chases Sales Balance
1 2 3 4 5 6 7 8 9 10 11 12 13
Bonds and notes Money market instruments
Total Deutsche Mark/euro bonds 4 Foreign currency bonds 5 Pur-
chases Sales Balance Pur-
chases Sales Balance Pur-
chases Sales Balance Pur-
chases Sales Balance
Financial deriva- tives net 6
14 15 16 17 18 19 20 21 22 23 24 25 26
Zeit = Period
1 Excluding financial derivatives. — 2 Including participation rights. — 3 From 1991 including retained profits. — 4 Up to and including 1998 only foreign
DM bonds. — 5 From 1999 bonds denominated in currencies other than the euro. — 6 Balance of payments in options and financial futures contracts.
18
9 Financial transactions with non-residents
(d) Portfolio investment (excluding direct investment)
Foreign investment in German securities (increase/capital imports: +)
Total Shares 1 Mutual fund shares Bonds and notes
Total Public 2
Pur-
chases Sales Balances Pur-
chases Sales Balances Pur-
chases Sales Balances Pur-
chases Sales Balance Pur-
chases Sales
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Money market instruments
Private Total Public issuers Private issuers
Balance Pur-
chases Sales Balance Pur-
chases Sales Balance Pur-
chases 3 Sales Balance Pur-
chases Sales Balance
15 16 17 18 19 20 21 22 23 24 25 26 27
Zeit = Period
1 Including participation right. — 2 Including bonds issued by the former Federal Railways, the former Federal Post Office and former Treuhand agency. — 3 The net balances of the liquidity paper sold by the Bundesbank
to non-residents up to end-1998 and the Bundesbank Treasury discount paper sold to non-residents from March 1993 to March 1995 are also included in the purchases. These balances are derived from changes in stocks and cannot be divided into purchases and sales.
9 Financial transactions with non-residents (e) Other investment
Other German investment abroad (increase/capital exports: -) Loans 1,2,3
Monetary financial institutions 4 Enterprises and households General government Balance of
other invest-
ment Total Total Total Long-term Short-term Total Long-term Short-term Total Long-term Short-term
1 2 3 4 5 6 7 8 9 10 11 12
Bank deposits 1,3 Other investment 3
Bundes- bank
Long-
term Total
Monetary financial institu- tions 4
Enter- prises and house- holds
General govern- ment
Bundes- bank 5
Trade credits, total 6 Total
Monetary financial institu- tions 4
Enter- prises and house- holds
General govern- ment
Bundes- bank 5
13 14 15 16 17 18 19 20 21 22 23 24
1 For the difference between loans and bank deposits, see the notes on p 2. — 2 Credits, borrowers’ note loans, assets acquired by way of assignment and similar. Long-term: original maturity of more than one year or unlimited. Short-term: maturity of one year or less. — 3 The data are broken
down by the domestic sector of the creditor. — 4 Excluding the Bundesbank. — 5 Mainly TARGET balances. — 6 Assets and liabilities arising from credit terms granted and advance payments made in goods and service transactions.
9 Financial transactions with non-residents (cont’d) (e) Other investment
Other foreign investment in Germany (increase/capital imports: +) Loans 1,2,3
Monetary financial institutions 4 Enterprises and households
General government
Total Total Total Long-term 5 Short-term Total Long-term Short-term Total
1 2 3 4 5 6 7 8 9
Bank deposits 1,3 Other investment 3
of which
Long-term Short-term Total
Monetary financial
institutions 4 Bundesbank
Trade credits, total 6 Total
Monetary financial institutions 4
Enterprises and households
10 11 12 13 14 15 16 17 18
1 For the difference between loans and bank deposits, see the notes on p 42 — 2 Credits, borrowers’ note loans, assets acquired by way of assignment and similar. Long-term: original maturity of more than one year or unlimited. Short-term: maturity of one year or less. — 3 The data are broken
down by the domestic sector of the debtor. — 4 Excluding the Bundesbank. — 5 Also includes long-term bank deposits of foreign non- banks. — 6 Assets and liabilities arising from credit terms granted and advance payments made in goods and service transactions.
9 Financial transactions with non-residents
(f) Long-term and short-term financial transaction by domestic sector *
Net German capital investment abroad (increase/capital exports: -)
Monetary financial institutions 1 Enterprises and households
General govern-
ment Bundesbank
Total Total Total
Direct invest- mest
Port- folio invest- ment 2,3
Other invest- ment Total
Direct invest- ment
Port- folio invest- ment 2,3
Other invest- ment
Other invest- ment Total
Port- folio invest- ment and other invest- ment
Change in reserve assets at trans- action values
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Net foreign capital investment in Germany (increase/capital imports: +)
Monetary financial institutions 1 Enterprises and households General government
Bundes- bank
Total Total
Direct invest- ment
Portfolio invest- ment 2
Other invest- ment Total
Direct invest- ment
Portfolio invest- ment 2
Other invest- ment Total
Portfolio invest- ment 2,4
Other invest- ment
Portfolio invest- ment and other invest- ment
15 16 17 18 19 20 21 22 23 24 25 26 27
* Breakdown by resident creditor or borrower. — 1 Excluding the Bundesbank. — 2 Allocation to domestic sectors is only approximate. — 3 Including financial derivatives. — 4 Including bonds issued by the former
Federal Railways, the former Federal Post Office and the former Treuhand agency.
20
II External stock statistics
1 Assets and liabilities of banks (MFIs) in Germany vis-à-vis non-residents * (a) By currency and group of countries
€ million
Claims on non-residents
Short-term assets Long-term assets
Loans and advances to
Treasury bills and other money
market instruments Loans and advances to Bonds and notes
foreign non-banks foreign non-banks
Total Total
foreign banks1 Total
of which enter- prises and house- holds Total
of which of foreign banks Total
foreign banks Total
of which enter- prises and house- holds Total
of which of foreign banks
Shares and other securi- ties
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Liabilities to non-residents 2
Short-term liabilities Long-term liabilities
Participating interests
to foreign non-banks
to foreign non-banks
Total
of which working capital at foreign bran- ches
Memo Item Loans and ad- vances to for- eign monet- ary author-
ities Total Total to foreign banks Total
of which enter- prises and house- holds Total
to foreign banks Total
of which enter- prises and house- holds
Working capital of bran- ches of foreign banks
Memo Item Liabili- ties to foreign monet- ary author- ities
15 16 17 18 19 20 21 22 23 24 25 26 27 28
Stand am Ende des Berichtszeitraums = End of reporting period Assets and liabilities, total 3
of which: denominated in euro 3 denominated in US dollars 3 Assets and liabilities vis-à-vis industrial countries 4,5 of which: vis-à-vis EU member states 5,6 of which: vis-à-vis euro-area member states
Assets an liabilities vis-à-vis emerging market economies and developing countries 7 Memo item: assets and liabilities vis-à-vis offshore banking centres 8
* Results of the reports on the monthly external position of banks. The reports of “banks in Germany” comprise the reports of all bank branches domiciled in Germany (excluding the Bundesbank). This means that the foreign branch office networks of German banks are excluded while the legally dependent branches of foreign banks resident in Germany are included. In December 2002 the previous exemption limit (€10 million) ceased to apply. The results of the external position reports of the foreign branches and foreign subsidiaries are shown separately; the concept of “non-residents”, as used there, also includes the country of domicile of the foreign branches or foreign subsidiaries (see Tables II.2 (a) to (c) and Tables II.3 (a) to (c)). Distinction by maturity: short-term = payable on demand and with an agreed maturity or period of notice of one year or less; long-term = with an agreed maturity or period of notice of more than one year. Statistical increases and decreases are
not eliminated; assets and liabilities in foreign currencies are converted at the euro reference rates on the reporting date. — 1 Including banknotes and coins in foreign currencies. — 2 Excluding bearer bonds and money market instruments outstanding. — 3 Including assets and liabilities vis-à-vis international organisations, which are not included in the further breakdown by group of countries. — 4 EU member states, Andorra, Australia, Canada, Faroe Islands, Gibraltar, Greenland, Guernsey, Holy See, Iceland, Isle of Man, Japan, Jersey, Liechtenstein, New Zealand, Norway, San Marino, Switzerland, Turkey, United States. — 5 The historical statistics for the EU member states are calculated according to the respective (historical) status of EU membership. — 6 Including EU institutions. — 7 All countries not recorded under “Industrial countries”. — 8 Up to December 2002 excluding Guernsey, Jersey and the Isle of Man.
1 Assets and liabilities of banks (MFIs) in Germany vis-à-vis non-residents * (b) By country
End of reporting period; € million Claims on non-residents
Oct 2006
of which
Short-term loans and advances
Long-term loans and advances
Dec 2003 Dec 2004 Dec 2005 Sep 2006 Claims,
total Euro US dollar Total
of which to foreign banks 1 Total
of which to foreign banks Country/
group of
countries 1 2 3 4 5 6 7 8 9 10 11
Liabilities to non-residents 2
Oct 2006
of which Short-term liabilities Long-term liabilities
Dec 2003 Dec 2004 Dec 2005 Sep 2006
Liabilities,
total Euro US dollar Total
of which to foreign banks Total
of which to foreign banks 3
12 13 14 15 16 17 18 19 20 21 22
Country/
group of countries
All countries Hungary Cameroon Netherlands Malaysia
Countries in Europe United Kenya Antilles Myanmar
EU member states 4 Kingdom 5 Liberia Panama Pakistan
EU-area member Cyprus Libya Paraguay Philippines
states EU institutions Morocco Peru Saudi Arabia
Belgium Other European Nigeria Uruguay Singapore
Finland countries 4 Zimbabwe Venezuela Sri Lanka
France Bulgaria South Africa Remaining Syria
Greece Guernsey Tunisia countries Thailand
Ireland Isle of Man Remaining in America Turkmenistan
Italy Iceland countries in Africa Countries in Asia Uzbekistan
Luxembourg Jersey Countries in America Bahrain United Arab
Netherlands Croatia Canada China, People’s Emirates
Austria Liechtenstein United States Republic of 6 Vietnam
Portugal Norway Argentina China, Taiwan Remaining
Spain Romania Bahamas Hong Kong countries in Asia
Other EU member Russian Feder- Bermuda India Countries in Oceania
states 4 ation Bolivia Indonesia Australia
Denmark Switzerland Brazil Iraq Marshall Islands
Estonia Turkey British Virgin Iran New Zealand
Latvia Ukraine Islands Israel Papua New Guinea
Lithuania Remaining Euro- Chile Japan Remaining coun-
Malta pean countries Ecuador Jordan tries in Oceania
Poland Countries in Africa Guatemala Kazakhstan Countries
Sweden Algeria Cayman Islands Qatar not identifiable
Slovak Republic Egypt Columbia Korea, Republic of International
Slovenia Côte d´lvoire Cuba Kuwait organisatons 7
Czech Republic Ghana Mexico Lebanon
* See footnote* to Table II.1 (a). — 1 Including banknotes and coins in foreign currencies. — 2 Excluding bearer bonds and money market instruments outstanding. — 3 Including the working capital of the branches of foreign banks. — 4 The historical statistics for the groups of countries are
calculated on the basis of the respective (historical) status of membership to the group. — 5 Up to December 2002 including Guernsey, Jersey and the Isle of Man. — 6 Excluding Hong Kong. — 7 Excluding EU institutions.
22
2 Assets and liabilities of the foreign branches of German banks (MFIs) vis-à-vis non-residents * (a) By currency and by group of countries
€ million
Claims on non-residents Liabilities to non-residents 2
Short-term loans and advances
Long-term loans and Advances
Short-term loans and advances
Long-term loans and advances
Total
to foreign banks 1
to foreign non-banks
to foreign banks
to foreign non-banks
Money market in- struments, bonds and notes
Shares and participat-ing inter-
ests Total
to foreign banks
to foreign non-banks
to foreign banks
to foreign non-banks
1 2 3 4 5 6 7 8 9 10 11 12
Stand am Ende des Berichtszeitraums = End of reporting period Assets and liabilities, total 3
of which: denominated in euro 3 denominated in US dollars 3 Assets and liabilities vis-à-vis industrial countries 4,5 of which: EU member states 5,6
of which: euro-area member states
Assets and liabilities vis-à-vis emerging market economies and developing countries 7 Memo item: assets and liabilities vis-à-vis countries of the offshore banking centres 8
* See footnote* to Table II.1 (a). — 1 Up to end-February 2002 including banknotes and coins in foreign currencies. — 2 Excluding bearer bonds and money market instruments outstanding. — 3 Including assets and liabilities vis-à-vis international organisations, which are not included in the further breakdown by group of countries. — 4 EU member states, Andorra, Australia, Canada, Faroe Islands, Gibraltar, Greenland, Guernsey, Holy See, Iceland, Isle
of Man, Japan, Jersey, Liechtenstein, New Zealand, Norway, San Marino, Switzerland, Turkey, United States. — 5 The historical statistics, for the EU member states are calculated according to the respective (historical) status of EU membership. — 6 Including EU institutions. — 7 All countries not recorded under “Industrial countries”. — 8 Up to December 2002 excluding Guernsey, Jersey and the Isle of Man.
2 Assets and liabilities of the foreign branches of German banks (MFIs) vis-à-vis non-residents * (b) By country of domicile of the foreign branches
€ million
Claims on non-residents
of which Short-term loans and advances Long-term loans and advances
to foreign banks 1
to foreign
non-banks to foreign banks
to foreign non-banks
Total Euro US Dollar
Japan- ese yen
Pound sterling
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
Money market instru- ments, bonds and notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Liabilities to non-residents 2
of which Short-term liabilities Long-term liabilities
to foreign banks
to foreign
non-banks to foreign banks
to foreign non-banks
Shares and partici- pating
interests Total Euro US Dollar
Japan-ese yen
Pound sterling
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
15 16 17 18 19 20 21 22 23 24 25 26 27 28
Stand am Ende des Berichtszeitraums = End of reporting period All foreign branches
Foreign branches in euro-area member states of which: in Luxembourg
Foreign branches in the United Kingdom Foreign branches in the United States Foreign branches in the Cayman Islands Foreign branches in Japan
Foreign branches in Hong Kong Foreign branches in Singapore
Foreign branches in emerging market economies and developing countries (other than offshore banking centres)
* See footnote* to Table II.1 (a). — 1 Up to end February 2002 including banknotes and coins in foreign currencies. — 2 Excluding bearer bonds and money market instruments outstanding.
24
2 Assets an liabilities of the foreign branches of German banks (MFIs) vis-à-vis non residents * (c) By country
End of reporting period; € million Claims on non-residents
Sep 2006
of which
Short-term loans and advances
Long-term loans and advances
Dec 2003 Dec 2004 Dec 2005 Aug 2006 Claims, total Euro
US
dollar Total
of which to foreign banks Total
of which to foreign banks Country/
group of
countries 1 2 3 4 5 6 7 8 9 10 11
Liabilities to non-residents 1
Sep 2006
of which Short-term liabilities Long-term liabilities
Dec 2003 Dec 2004 Dec 2005 Aug 2006
Liabilities total Euro
US
dollar Total
of which to foreign banks Total
of which to foreign banks
12 13 14 15 16 17 18 19 20 21 22
Country/
group of countries
All countries Poland Countries in Africa Countries in Asia
Countries in Europe Sweden South Africa China, People’s
EU member states 2 Czech Republic Remaining countries Republic of 5
Euro-area member states Hungary in Africa China, Taiwan
Belgium United Kingdom 3 Countries in America Hong Kong
Finland Remaining EU coun- Canada Japan
France tries 4 United States Korea, Republic of
Greece Other European coun- Bahamas Singapore
Ireland tries 2 Bermuda Remaining countries in Asia
Italy Guernsey Brazil Countries in Oceania
Luxembourg Jersey British Virgin Islands Australia
Netherlands Norway Caiman Islands New Zealand
Austria Russian Federation Mexico Remaining countries in
Portugal Switzerland Netherlands Antilles Oceania
Spain Turkey Remaining countries Countries not identifiable
Other EU member states 2 Remaining European in America International organisations 6
Denmark countries
* See footnote* to Table II. 1(a). — 1 Excluding bearer bonds and money market instruments outstanding. — 2 The historical statistics for the groups of countries are calculated on the basis of the respective (historical) status of
membership to the group. — 3 Up to December 2002 including Guernsey, Jersey and the Isle of Man. — 4 Including EU institutions. — 5 Excluding Hong Kong. — 6 Excluding EU institutions.
3 Assets and liabilities of the foreign subsidiaries of German banks (MFIs) vis-à-vis non- residents *
(a) By currency and by group of countries
€ million
Claims on non-residents Liabilities to non-residents 1
Short-term loans and advances
Long-term loans and
advances Short-term liabilities Long-term liabilities
Total
to foreign banks
to foreign non-banks
to foreign banks
to foreign non-banks
Money market instru- ments, bonds and notes
Shares and partici- pating
interests Total
to foreign banks
to foreign non-banks
to foreign banks
to foreign non-banks
1 2 3 4 5 6 7 8 9 10 11 12
Stand am Ende des Berichtszeitraums = End of reporting period Assets and liabilities, total 2
of which: denominated in euro 2 denominated in US dollars 2 Assets and liabilities vis-à-vis industrial countries 3,4 of which: EU member states 4,5
of which: euro-area member states
Assets and liabilities vis-à-vis emerging market economies and developing countries 6 Memo item: assets and liabilities vis-à-vis countries of the offshore banking centres 7
* See footnote* to Table II.1 (a). — 1 Excluding bearer bonds and money market instruments outstanding. — 2 Including assets and liabilities vis-à-vis international organisations, which are not included in the further breakdown by group of countries. — 3 EU member states, Andorra, Australia, Canada, Faroe Islands, Gibraltar, Greenland, Guernsey, Holy See, Iceland, Isle of Man, Japan, Jersey, Liechtenstein, New Zealand, Norway, San Marino, Switzerland,
Turkey, Unites States. — 4 The historical statistics for the EU member states are calculated according to the respective (historical) status of EU membership. — 5 Including EU institutions. — 6 All countries not recorded under “Industrial countries”. — 7 Up to December 2002 excluding Guernsey, Jersey and the Isle of Man.
26
3 Assets and liabilities of the foreign subsidiaries of German banks (MFIs) vis-à-vis non-residents * (b) By country of domicile of the foreign subsidiaries
€ million
Claims on non-residents
of which Short-term loans and advances Long-term loans and advances
to foreign banks
to foreign
non-banks to foreign banks
to foreign non-banks
Total Euro US Dollar
Japan- ese yen
Pound sterling
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
Money market instru- ments, bonds and notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Liabilities to non-residents 1
of which Short-term liabilities Long-term liabilities
to foreign banks
to foreign
non-banks to foreign banks
to foreign non-banks
Shares and partici- pating
interests Total Euro US Dollar
Japan-ese yen
Pound sterling
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
in the country of do- micile of the sub- sidiary
in other foreign coun- tries
15 16 17 18 19 20 21 22 23 24 25 26 27 28
Stand am Ende des Berichtszeitraums = End of reporting period All foreign subsidiaries
Foreign subsidiaries in euro-area member states of which: in Ireland
in Luxembourg
Foreign subsidiaries in non-euro-area countries of which: in the United Kingdom
* See footnote* to Table II. 1(a). — 1 Excluding bearer bonds and money market instruments outstanding.